Gold is downtrend now. 1506.86 is major resistance, while 1486.49 is major support. Last Friday, gold tried to look for 1506.86 but news pull it back downward. 1503.36 need to be broken to move upside towards 1506.86.
Next week, likely that gold might try to reach 1506.86 where a reject cause gold to dive.
Please do take note that major "Head and Shoulder" almost complete the pattern. Gold might dive straight without going upward testing the resistance.
My bias is Short.
Next week, likely that gold might try to reach 1506.86 where a reject cause gold to dive.
Please do take note that major "Head and Shoulder" almost complete the pattern. Gold might dive straight without going upward testing the resistance.
My bias is Short.